eToro Group Earnings Call Transcripts
Fiscal Year 2026
-
Lower volatility pressured Q3 contribution and adjusted earnings, while funded accounts and equity assets grew. Product launches, acquisitions and a $250 million buyback support expansion; Q4 adjusted OPEX is expected to decline at least 5%.
-
Q2 2026 saw 9% year-over-year growth in both net contribution and adjusted EBITDA, with strong user and asset growth. The planned TradeZero acquisition will expand U.S. capabilities, while new AI-driven products and robust savings momentum support long-term growth.
-
Major updates include a full AI-driven platform rebuild, launch of Tori (an advanced AI agent), agentic trading, sub-accounts, and eToro Edge for pro traders. The new App Store and builders portal empower community innovation, while on-chain finance and digital assets are central to future strategy.
-
Record Q1 results with net contribution up 19% YoY and adjusted EBITDA up 35% YoY, driven by strong growth in commodities trading and continued user acquisition. AI integration and product innovation accelerated, with significant expansion in crypto and DeFi through acquisitions.
Fiscal Year 2025
-
Q4 2025 saw strong growth in net contribution and Adjusted EBITDA, driven by diversified multi-asset performance and robust global expansion. AI innovation, product launches, and increased marketing investment are set to accelerate growth in 2026.
-
Net contribution and adjusted EBITDA saw strong double-digit growth, with record assets under administration and robust expansion in crypto trading. Strategic innovation, global expansion, and a $150 million share buyback position the company for continued profitable growth.
-
Q2 2025 saw strong year-over-year growth in revenue, EBITDA, and assets under administration, driven by product innovation, global expansion, and increased trading activity. The company is accelerating U.S. and APAC growth, expanding its crypto and tokenized asset offerings, and leveraging AI for user engagement.